THE STOCK & ETF CORNER

DBC : Commodities.

You can see in the chart below the components of DBC (Commodities ETF). The whole chart suggest that the rally off the March 2009 lows is coming to an end. The support line was broken , and the test of the fibonacci was pretty weak indeed. DBC looks like it is starting to roll over as wall as the other commodity ETF such as RJI or DBA ... I was one of these guys who was crazy enough to call for the bottom for commodities in March 2009 (CLICK HERE) . I am the same one claiming that the time has come to get out of commodities on any strength. You will get them at a much better price a few months down the road.

Commodities ETF : DBC,DBA,DJP,RJI,UCD

The targets for commodities are almost reached... (Click on this link) !

I would sell some and start to use protective stops on commodity ETF's : DBC,DBA,DJP,RJI,UCD.

Although commodity ETF could still have a little further to go in the remaining of 2009, I think that the easy money on the upside has been made !!

Update USO,DBC : Commodities and Oil ETF's.

Update on the last post ! I am bullish on Commodities since mid mid March click here !  Also bullish on Oil since mid march click here !  I will not turn negative on Oil & Commodities unless the diagonal support lines in the following charts of USO and DBC are broken ! I use USO and DBC as proxies for the other ETF's in the Oil & Commodities universe such as : RJI,DJP,DXO,UCO,UCD,USO,DBA,DBC,MOO,GSG,KOL,UNG etc...

Oil & Commodities : USO & DBC ... the trend is our friend !

Bullish on oil & commodities until the support line of this new uptrend is broken. The trend is your "amigo"..... for now ! That holds true also for the following ETF's(RJI,DJP,DXO,UCO,UCD,USO,DBA,DBC,MOO,GSG).